Ford is also developing an electric version of its popular F-150 pick-up truck and Mustang convertible, dubbed the Mach-E.
Electric vehicle startup has raised a further $2.65 billion, another funding round as the automaker aims to take on Tesla and others with new pickup and SUV models, in addition to building a zero-emissions delivery fleet for Amazon. The new round – made up of new and existing investors – takes Rivian’s total raise since the start of 2019 to … Continue reading
Amazon-backed electric vehicle startup Rivian has raised another $2.65 billion, bolstering its position as one of the most well-funded EV startups in the world.
The investment round was led by T. Rowe Price and included Amazon’s Climate Pledge Fund, Fidelity Management and Research Company, and investment firms Coatue and D1 Capital Partners, along with “several other existing and new investors,” according to the startup.
The new money arrives a mere six months after Rivian raised $2.5 billion, and about a year after it raised $1.3 billion. It has now raised more than $8 billion to date.
Rivian has raised some $8 billion to date
It’s hard to say exactly how much Rivian has in the bank, given that it has spent a lot already to hire a...
Plus: The Google bonus scheme that propelled its self-driving dreams, six women building the future of transportation at GM and FCA, and more.
One of the most exciting parts of buying a new car is configuring it to your specification. Choosing the interior, wheels, add-on features, and of course, the color. Cars have been, and probably always will be, extensions of our identity. Like jewelry that we climb inside, the cars we drive have the power to say a lot about who we are. Sadly, most carmakers these days have a fairly limited color palette, unless you’re willing to pay big bucks and wait for a custom spray. Thankfully, manufacturers are recognizing that customers favor affordable ways of making their vehicles unique. [Read: Meet… This story continues at The Next Web
Such a valuation would put Rivian within spitting distance of Ford's market cap, but wouldn't hold a candle to Tesla's near-$700-billion value.
The keynote will shed light on some of the 30 upcoming electric cars, SUVs and trucks from GM's brands, possibly including an electric Chevy pickup.
This past year was slated by some to be the “year of the EV.” Having seen a number of new electric vehicles reach the market, it’s certainly been a very positive year for electrified cars — even despite the global pandemic. Here at SHIFT, we think that in 10 years time — when gasoline vehicles are banned — we’ll look back on an entire decade of EVs that will be worth remembering. There will be highlights for sure, but we doubt that one year alone will stand out among the rest. Why? Because 2021 will be another year that we see many… This story continues at The Next Web
With well over a dozen new EVs hitting streets in 2021, there's been no better time to shop for a battery-powered car.
This article was originally published by Michael Coates on Clean Fleet Report, a publication that gives its readers the information they need to move to cars and trucks with best fuel economy, including electric cars, fuel cells, plug-in hybrids, hybrids and advanced diesel and gasoline engines. Ford Mach-E Hits 300; VW ID.4 250; Volvo XC40 Recharge 208 Range and its attendant anxiety continues to dominate electric vehicle discussions. That discussion is about to move up to a new level as three significant new EVs received their official EPA range certifications this week. The Mach-E will hit 300 miles of range in some models… This story continues at The Next Web
The state Senate decided to leave the bill off its schedule, effectively killing the legislation.
It's a RAV4 that's gone very retro.
Thanks to Power Innovations' mobile charging unit, I never ran out of juice.
Tesla pulled the same stunt with its Cybertruck shortly after it was announced last year. Now Lordstown Motors is taking a crack at the F-150.
Let's hope they don't let the same team that came up with "Stellantis" name this thing.
A whole host of electric pickup trucks are set to flood the market, and if all goes to plan, they'll change how we think about optional features.
GMC's new Hummer looks like a formidable all-electric beast. Here's how its specs stack up vs. the Tesla Cybertruck, Bollinger S2 and Rivian R1T.
Tesla's Cybertruck, GM's $113,000 Hummer, Ford's (e)F-150—then there are the startups.
Tesla has the Cybertruck, GM a $113,000 Hummer, and Ford an electric F-150. And then there are the startups.
Hummer's electric pickup packs 1,000 horsepower, removable roof panels, four-wheel steering with CrabWalk mode and standard Super Cruise tech.